Originally Posted by
Dangjr213
Be careful when doing so. For FHA loans, banks like to see down payment money in your account for several months (around 3) which is why they ask for multiple months of bank statments.
Originally Posted by
zitozac
+1
I ran into this issue as I tend move money between accounts and keep a few thousand on hand from buying and selling vehicles. The most important thing is that you can document the source of the funds... I.e. When selling a vehicle, I simply kept a copy of the title after the transfer had been filled out. I then made a deposit for that exact amount into my bank. And for transferring money between accounts, I provided statements for both accounts.
If you're closing in the next 30 days I wouldn't bother. If you're closing a loan in a couple months I don't see any issue in taking advantage of a good bonus. Perhaps send the money via a certified check that you you'll keep a copy of. Just make sure it's an account you have access to in order to get the money back out.